U.S. House of Representatives: SEC’s statements on ETH security are contradictory

The U.S. House of Representatives Financial Services Committee issued a statement saying that the U.S. Securities and Exchange Commission (SEC)'s statement on the security of Ethereum (ETH) contradicts the statement of the agency's chairman Gary Gensler. The U.S. Banking Committee stated in the statement that they will continue to hold the SEC accountable for excessive regulation in the digital asset market, and the question of the agency's classification of Ethereum is crucial in the current application process for the issuance of the first U.S. spot Ethereum ETF.